Under modern statutes, the two general prerequisites to the declaration of a dividend are Corporate solvency. A resolution by the directors to declare a dividend.

40% women video renters buy snacks; 65% male video renters buy snacks. A computed z of 4.5 is calculated. Assuming the critical value of z is + or – 1.96, this means:

A) nothing; z does not determine anything B) the null hypothesis is not supported; there is a true difference between the two percentages C) the null hypothesis is supported; there is a true difference between the two percentages D) the alternative hypothesis is not supported; there is a true difference between the two percentages E) the null alternative is supported; there is a true difference between the two percentages

All of the following are useful purposes of pro forma financial statements EXCEPT

A) they can be used to control, or monitor a firm's progress for a planning period. B) they satisfy the SEC requirement for audited financial disclosure. C) they provide a useful tool for analyzing the effects of a firm's forecasts on its financial performance. D) they serve as a benchmark to compare actual results to planned activities.